Daily Management Review

Twitter gets 'Magic Pony'


06/21/2016


Twitter has acquired Magic Pony Technology, a British start-up company specializing in machine learning technologies.



keiyac via twitter
keiyac via twitter
Twitter bought another startup that is engaged in machine learning. In 2014, the company acquired Madbits, in 2015 - Whetlab, and British Magic Pony Technology is the third in a row.

Magic Pony works on machine vision – a technology that enables artificial intelligence to understand what is on the image. Computers can analyze and improve the quality of images and low-resolution video, and automatically create landscape for computer games and virtual reality systems.

Magic Pony works on the following principle: a user uploads two copies of an image in high and low resolution. The artificial intelligence analyzes them and, basing on the received knowledge, "learns" to improve quality of other low-resolution images. Also, the algorithm improves video quality in real time, in particular, helps increase picture sharpness.

Magic Pony Technology Team will join Twitter’s subdivision Cortex, dealing with artificial intelligence.

The company has filed more than 20 patent applications of its technologies. The startup’s employees will join Twitter team. According to TechCrunch, cost of the transaction was $ 150 million.

Twitter had previously stated that one of the project’s priorities is to intensify working with video. Recently, the microblogging network signed a deal with the US National Football League, according to which Twitter may broadcast live games of 2016 season on Thursdays. 

Twitter also owns video streaming service Periscope. Purchase of Magic Pony Technology can help improve quality of smartphone-shot streaming videos hosted on Twitter.

Before Twitter decided to purchase Magic Pony, the startup had received funding in the amount of $ 6.31 million in two rounds from Octopus Ventures and Balderton Capital. In the last month, it held a regular round, during which the company was valued at 21 million pounds.

source: techcrunch.com






Science & Technology

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

SEC’s EDGAR database vulnerable to cyber threats

Research Says The Risk Of Severe Turbulence On Planes Will Increase Due To Climate Change

Barclays and CLS Group aim to replace SWIFT with blockchain

Designing Of Cars Being Done With Hologram Goggles At Ford

The Already Surging Cyber Attacks Are Set To Rise Even Further, Says A Study

Chinese to equip smartphones with OLED displays

World Politics

World & Politics

Scholar Says Political Appointees Not As Important As Financial Ones In China For The Economy

An Expected Change In Brussels Could Be Crucial For The Euro Zone

Destroying People Who Wouldn't Help One Of His Bankrupt Businesses Was All Trump Talked About When He Met Him In 1990s: Branson

Russia Is Worried About America’s Unpredictability

No oil contracts with Iraqi Kurdistan: Iraq’s oil ministry

Donald Trump lost $ 600 million during his presidency

Britain puts its weight behind Europe in the battle between Boeing and Bombardier

EU hopes to keep the Iran nuclear deal afloat